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MTU Aero Engines Sees High Single-Digit Percentage Improvement In Operating Profit
MTU Aero Engines Reports Q4 Net Income Of €134 Mln
MTU Aero Engines, BA’s Cityflyer Extend Maintenance Contract
MTU Aero Engines AG is a Germany-based manufacturer of military aircraft engines in all thrust and power categories and stationary gas turbines. The Company operates through two segments: the commercial and military engine business (OEM) and commercial maintenance business (MRO). The commercial and military engine business (OEM) segment covers the development and production of modules, components and parts for engine programs, including final assembly, as well as maintenance services. The commercial maintenance business (MRO) segment covers all activities relating to the maintenance, repair and overhaul of commercial engines and associated services. The Company operates through numerous subsidiaries in Europe, the Americas, Asia and Australia.
Dachauer Strasse 665
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Independent Vice Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Chief Information Officer, Member of the Executive Board
Chief Operating Officer, Member of the Executive Board
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German aircraft engine maker MTU Aero Engines <MTXGn.DE> expects Boeing <BA.N> to offer two jet engines for the successor model to its 737 plane, its chief executive told a weekly paper, adding this could double MTU's market share in the segment.
France's Safran <SAF.PA> and MTU Aero Engines <MTXGn.DE> of Germany have agreed to develop together a jet engine for a Franco-German fighter, removing a key obstacle to one of Europe's flagship defence projects.
French aerospace company Safran and Germany's MTU Aero Engines said they had agreed a deal whereby the two companies would jointly develop the engine of the next-generation European 'NGF' fighter aircraft.
French engine maker Safran <SAF.PA> and German counterpart MTU Aero Engines <MTXGn.DE> have reached an agreement to cooperate on a military jet engine, removing an obstacle to developing a Franco-German fighter, sources familiar with the matter said.
German aircraft engine maker MTU Aero Engines on Thursday said it will grow in its civil aviation division next year, boosted by its new engine and spare parts businesses as well as by its maintenance unit.
Germany's MTU Aero Engines said on Wednesday it beat targets last year with record sales and net profit of 479 million euros ($543 million), up 18 percent on 2017.
German Chancellor Angela Merkel's political standing has suffered in recent months and poor results in two upcoming state elections could lead to "bigger changes", her long-time conservative ally, Wolfgang Schaeuble, said on Friday.
Munich-based German aircraft engine maker MTU Aero Engines has warned its employees against populism before a regional election in Bavaria, and consultants EY have issued their local staff with similar guidance.
German engine maker MTU Aero Engines <MTXGn.DE> is cautious on further increases in the production of single-aisle jets, saying the supply chain is already tight.
German aircraft engine maker MTU Aero Engines and Lockheed Martin's Sikorsky will compete jointly for the German air force's heavy lift helicopter contract.
* 2018 forecast based on quick resolution to A320neo problems
Mtu Aero Engines management during a press conference:
German aircraft engine maker MTU Aero Engines expects further growth in profits after reporting a record result for 2017, but said on Wednesday its goals depended on the latest problems with the A320neo engines being resolved quickly.
* Sees moderate rise in 2018 underlying operating profit (Recasts, adds CEO comment, further details)
* not concerned about impact of gtf engine delays on possible new contracts, says order books are full
German aircraft engine maker MTU Aero Engines increased its profit target for the year thanks to higher spare parts revenues, after reporting better than expected third-quarter results.
Airbus Helicopters Deutschland and engine maker MTU Aero Engines on Wednesday announced they had teamed up with six other German firms to push for a role in managing and maintaining a future German military heavy-lift helicopter.
German aircraft engine maker MTU Aero Engines reported a better than expected 19.6 percent rise in first quarter profit, driven by its business maintaining commercial jet engines. The company, whose customers include planemakers Boeing , Airbus and Bombardier, reported adjusted...
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